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Artemis AIMs for growth

The Artemis AIM venture capital trust (VCT) has been set up to achieve long term capital growth for investors who are looking for an investment that can be used as a shelter against capital gains tax.

The company will invest in a broad spread of 50 to 60 companies that are involved in the alternative investment market (AIM) of smaller companies in the UK. Until these companies are decided on, the VCT will start off by investing in five Artemis funds, UK growth, UK smaller companies, new enterprises, income and UK special situations.

Up to 25 per cent of the VCT will also invest in companies listed in OFEX as well as unquoted companies.

Artemis feels that the AIM market is a well developed sector and offers the capacity for dynamic growth. It also believes that OFEX includes many up and coming companies which have the potential for growth.

According to Standard & Poor’s the Artemis UK smaller companies fund is rankled 67 out of 291 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over one year to February 12, 2001.


Corillian recruits for UK e-finance software market

US e-finance software provider Corillian is appointing Ian Giles as marketing director of its international division, as it endeavours to move into the UK market. Giles will be based in London and joins Corillian from current account mortgage pioneer First Active Financial, where he directed business strategy to intermediaries and consumers. Giles says: “We expect […]

SVM takes five

Scottish Value Management has introduced a unit trust individual savings account (Isa) that offers investors a choice of five unit trusts. Clients can select one or more funds from the range, which includes SVM UK growth, SVM European growth, SVM continental Europe, SVM new economy and SVM UK opportunities. SVM new economy is a technology […]

Former IFA heads ABI&#39s Saltr project

Former IFA Stuart Tragheim has been appointed the new project director for the ABI&#39s Raising Standards initiative. Tragheim, 36, has taken the reins from Andrew Stoker. He will be responsible for managing the Saving and Long-Term Risk project which aims to benchmark life office brands that meet the standards maintained by the independent Pensions, Protection […]

Old Mutual spreads its bets on smaller companies

Campbell says: “The literature is clear and provides the information that an experienced investor would be looking for,” while Chitroda says: “I think the literature is catchy – indeed very colourful and attractive. The language used is nice and clear. I must admit, even I was tempted to invest after going through the brochure. Some […]

The Great British Break-Off

Despite predictions that a vote to leave the European Union would result in an economic apocalypse, UK equities have shown the market equivalent of a stiff upper lip: bouncing back, keeping calm, and carrying on. Although the road towards Brexit remains clouded in uncertainty, UK equities offer a range of opportunities to investors seeking returns […]


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